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Headwater Exploration Inc T.HWX

Alternate Symbol(s):  CDDRF

Headwater Exploration Inc. is a Canadian resource company engaged in the exploration for and development and production of petroleum and natural gas in Canada. The Company has heavy oil production and reserves in the Clearwater/Falher formations in the Marten Hills, Greater Nipisi and Greater Peavine areas of Alberta and natural gas production and reserves in the McCully field near Sussex, New Brunswick. The McCully Field is located approximately 10 kilometers (kms) northeast of Sussex, New Brunswick in the farming community of Penobsquis. It owns and operates a natural gas processing plant, with a processing capacity of approximately 35 mmscfpd, and a 50 km transmission line connected to the Maritimes and Northeast pipeline. The McCully Field is a winter producing asset connected to the northeast United States gas market. The Company drilled its first stratigraphic test and single-leg horizontal well, prospective for heavy oil, in Handel, Saskatchewan.


TSX:HWX - Post by User

Comment by marketsenseon Nov 22, 2022 8:01pm
223 Views
Post# 35120420

RE:RE:RE:RE:RE:Utikima

RE:RE:RE:RE:RE:UtikimaWelll other than what I've already stated,  I don't know of anything else I can add to 
the discussion.  Well maybe just one thing and its strictly based upon my own ideas
of what moves markets.  My thinking is seeing Nuttal is heavily involved here and has 
raised the market profile of HWX considerably among his folllowers and the public,
he may be influencing how PR is being handled.  Better to get the bad news out
right away for the sake of transparency but maybe also to accumulate shares on 
the drop.  

I get your concern over the sudden release of bad news when it doesn't materially affect
the value of the company and especially going  forward as far as their 0'23 guidance
is concerned.  At the end of the day,  I'm not worried about it but hey there's nothing
wrong about asking questions if it concerns you.  I have a good position in it myself
and have averaged down on this drop but have also swung trade it a few times previously
for some nice gains and probably will do so again.
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